Cory invests $4000 at 3.5%. how much will he have in 6 years if the interest is compounded monthly ?

$ 4933.2 ( approx )

Step-by-step explanation:

∵ Future value formula is,

Where,

P = principal amount,

r = annual rate,

n = number of periods,

t = number of years,

Given,

P = $ 4,000, r = 3.5 % = 0.035, t = 6 years n = 12 ( number of months in 1 year = 12 ),

Hence, the future value would be,

the answer will be

start with a line segment pq that we will copy. mark a point r that will be one endpoint of the new line segment. set the compasses' point on the point p of the line segment to be copied. adjust the compasses' width to the point q. the compasses' width is now equal to the length of the line segment pq.

step-by-step explanation: